1. **Stating the problem:** We need to understand why the profit for the year is $47000$ given the financial data. 2. **Given data:** - Total sales (revenue) = $235000$ - Profit as a percentage of revenue = $20\%$ 3. **Formula for profit:** $$\text{Profit} = \text{Revenue} \times \frac{\text{Profit percentage}}{100}$$ 4. **Calculate profit:** $$\text{Profit} = 235000 \times \frac{20}{100} = 235000 \times 0.20 = 47000$$ 5. **Explanation:** The profit for the year is $47000$ because it is $20\%$ of the total sales revenue of $235000$. This matches the given profit percentage and confirms the profit amount. 6. **Summary:** Profit is calculated as a percentage of sales revenue, so $20\%$ of $235000$ equals $47000$.